Electric cars in 2040 will erase 13 million barrels of crude oil demand on U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks Beijing time 29 days we are talking about electric cars will change the oil market face, real energy electric cars, or perhaps more than people imagine. Oilprice reported that Peng Boxin’s Energy Finance (BNEF) data showed that the cost of electric vehicle batteries decreased dramatically, which means that the battery will be cheaper than the internal combustion engine in the next few years. By 2020s, the price of electric vehicles will gain a competitive advantage over traditional cars, and this startling change will open up a new page in the history of the energy market. In 2015, the price of batteries fell by 35%, which was another significant step forward in technological progress. BNEF believes that within six years, the price of non subsidy electric vehicles will be reduced to the same level as ordinary gasoline vehicles, which means that in 2022, electric vehicles will usher in "sales take off node"". In fact, it is assumed that gasoline vehicles can make energy efficiency increased by 3.5% per year on the premise of evaluation. The report predicts that by 2040, electric vehicles will occupy 35% of the global automotive market share. The key driver of all this comes from the reduction in battery prices. The price of lithium-ion batteries dropped to only $350 per kilowatt hour in 2015, down by 65% compared with 2010. However, this decline is not far from the end, 2030 will be reduced to 120 U.S. dollars per kilowatt hour, less than half of the current. Since then, all the way down. The oil market has no reason not to be vigilant about it. BNEF said simply: "people will eventually find that the severity of the electric vehicle revolution, both the oil producing countries and the oil companies, is greatly underestimated." The revolution was clearly unexpected in the oil industry. Bloomberg Randall (Tom Randall) disclosure, ConocoPhillips CEO Lance (Ryan Lance) in 2015 had said to him, "have a substantial impact on electric cars in the next fifty years, said he is likely to see the electric car really become a threat to the day. The threat of electric vehicles in the oil market is severely underestimated, but BNEF estimates that by 2023, electric vehicles will be able to reduce the market demand for crude oil by 2 million barrels per day. It’s just the beginning, and the real blow comes after the sale of electric cars. BNEF estimates that electric vehicles will gain 35% market share in 2040, which means the demand for crude oil will be reduced by 13 million barrels per day. Now the crude oil market a miserable conditions, but in fact, every part of it is the pile up in excess of requirement 1 million to 2 million barrels, while the supply exceeds the demand of 13 million barrels of what will happen, it is hard to imagine. The threat of electric vehicles has been very practical. At the same time, the strong rise of 3 electric vehicles

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